Financing is possible through any one of the following options - Loan, Hire Purchase or Lease (which could be a Financial Lease or an Operating Lease). Each of these options has different implications with respect to the ownership title, depreciation and tax benefits, and duties payable .... more details
There are various schemes that are employed for financing - the most common ones are Down Payment Scheme (Margin Money Scheme), Security Deposit Scheme, Advance Instalments Scheme, Structured Payment Scheme and Residual Value Scheme. These schemes sometimes also work in combinations, and the scheme best suited for you depends on your profile and the financial terms .... more details
